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Dobsons Auto earned $742,200 last year and had a 20% dividend payout ratio. How much did the firm add to its retained earnings? Multiple Choice
Dobsons Auto earned $742,200 last year and had a 20% dividend payout ratio. How much did the firm add to its retained earnings?
Multiple Choice
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$482,430
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$630,870
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$371,100
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$593,760
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Finance And Financial Markets
Authors: Keith Pilbeam
3rd Edition
023023321X, 978-0230233218
